Saudi emerges as ME's largest construction market
Projects planned and under way in Saudi Arabi are estimated to be worth over $999bn (SASR3.75tr)
Saudi Arabia's construction industry is expected to continue its growth in the next few years with the value of projects planned and under way estimated to be over $999bn (SAR3.75tr).
This encompasses several factors, including transport, infrastructure, utilities, education and healthcare - reflecting the prioritisation of upgrades to local roads, rail, port and airports along with other facilities in order to attract private investment.
To complement the growth and development across Saudi, the government has made its largest allocation of $168bn (SAR630bn) for the 2015 budget toward the transport and infrastructure sector .
One of the key projects in focus is the rail and road projectn that includes Riyadh Metro, Dammam Rail, Haramain Rail, Makkah Railway, and Saudi - Bahrain Causeway.
Airport construction and upgrades, including work on Riyadh's King Khaled International Airport and Jeddah's King Abdul Aziz International Airport - as well as construction of new airports in Madinah and Abha Governorates, is another vital segment.
Lastly, the upgrading of existing roads and building of new ones across the KSA along with infrastructure projects in the industrial cities of Jubail, Yanbu and Ras al Khair are also part of the ongoing development.